3,380 Shares in Dover Co. (NYSE:DOV) Bought by SageOak Financial LLC

SageOak Financial LLC bought a new stake in Dover Co. (NYSE:DOV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,380 shares of the industrial products company’s stock, valued at approximately $634,000. Dover accounts for about 0.6% of SageOak Financial LLC’s holdings, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOV. Xponance Inc. raised its position in shares of Dover by 8.0% in the 4th quarter. Xponance Inc. now owns 20,489 shares of the industrial products company’s stock valued at $3,844,000 after acquiring an additional 1,511 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Dover in the fourth quarter worth $1,252,000. Cibc World Markets Corp boosted its position in shares of Dover by 16.2% during the fourth quarter. Cibc World Markets Corp now owns 21,679 shares of the industrial products company’s stock worth $4,067,000 after purchasing an additional 3,025 shares in the last quarter. SlateStone Wealth LLC boosted its position in shares of Dover by 3.1% during the fourth quarter. SlateStone Wealth LLC now owns 5,770 shares of the industrial products company’s stock worth $1,082,000 after purchasing an additional 175 shares in the last quarter. Finally, GWN Securities Inc. bought a new position in shares of Dover during the fourth quarter worth $238,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOV. Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup reduced their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Down 1.3 %

Shares of DOV stock opened at $180.54 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31. The firm’s fifty day moving average price is $194.88 and its two-hundred day moving average price is $193.62. The firm has a market capitalization of $24.78 billion, a P/E ratio of 9.28, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, equities analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.14%. Dover’s dividend payout ratio is presently 10.59%.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.